Cost of living: Micro-loans offered for food as inflation soars.

Inflation for food items has become one of the biggest drivers of the latest inflation hike. Annual inflation for these items is now running at 12.7%, up from 9.8% in June, fuelled largely by price rises for basics such as bread, milk, cheese and eggs.

Supermarket chain Iceland has begun offering micro-loans to customers to cover the basics.

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